Wall Street Journal uses Steve Appleton as an example in an article about CEO's who fly
The Wall Street Journal today published a story about high-flying CEO's, using Micron CEO Steve Appleton as an example of why CEO's should be limited in flying their own planes.
The article states that one of Appleton's friends told them that in 2004, when Appleton crashed his plane, the Micron board asked Appleton to "stop such flying." However, Micron did not comment when asked about this.
"It is a tricky issue," the Wall Street Journal says. "After all, the thrill-seeking traits that lead executives to take up flying or sky diving may also be what make them daring corporate leaders." The article also states that boards do not have the right to limit such activities by their CEO's, unless both sides agree on this.
According to a study cited in the article: "Executives licensed to fly small aircraft led 176 of 2,073 major public companies at some point between 1992 and 2009."
Steve Appleton died February 3 when his plane crashed at the Boise Airport. Micron has since appointed Mark Durcan as their new CEO.
You can find the full article here.